coin news
“Conditions for digital asset rally are ripe” “If Bitcoin stays above $25K, $28K, $30K is the next stopping point” – Summary of expert comments
The cryptocurrency market rallied, with bitcoin exceeding $26,500 during the day on the 14th (New York local time). According to Bloomberg, Bitcoin has risen about 30% since the closure of Silicon Valley Bank (SVB) on the 10th. According to cryptocurrency derivatives data site Coinglass, about $230 million in cryptocurrency short positions have been liquidated in the past 24 hours. At 2:24 p.m. New York time, Bitcoin rose 5.69% from 24 hours ago to $25,561.61 on CoinMarketCap.
coin news
Bitcoin Market Capitalization Ranked #11, Beating Meta
The bitcoinist reported on the 14th (New York local time) that bitcoin prices are continuing to rise and are aiming to re-enter the top 10 assets by market capitalization. According to Company MarketCap data, Bitcoin has surpassed Meta (formerly Facebook) to rank 11th by market cap with a market cap of about $469 billion. Gold, with a market capitalization of over $12 trillion, took first place, followed by Apple in second place, Microsoft in third place, and Saudi Aramco in fourth place. Silver rose to 5th in the asset ranking, followed by Alphabet (Google) at 6th and Amazon at 7th.
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Meta plans to cut about 10,000 employees
According to Decrypt, amidst Meta's announcement that it will stop supporting NFTs on its platform, it plans to lay off about 10,000 additional employees over the next few months. The layoffs will be implemented in phases, focusing on departments such as recruitment, technology, and business. In November of last year, Meta cut about 11,000 employees, equivalent to about 13% of its workforce at the time.
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720 million USDC burned
According to WhaleAlert, 720 million USDC was burned at USDC Treasury addresses.
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MetaMask, V10.25.0 Upgrade... Enhanced Privacy Protection
Metamask, which had concerns about information leakage last year, announced on its official Twitter the evening before that it had distributed V10.25.0 with enhanced privacy protection. In that version, an option was added to select an RPC node other than Infura when creating or running a wallet. In addition, the automatic transmission of data to Etherscan or jsDeliver has been improved so that users can choose.
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Crypto GPT Issues Its Own Token Today... Listed on 4 Exchanges
According to CoinDesk, the layer 2 network Crypto GPT based on ZK Rollup will issue its own token GPT on the 10th. The token will be listed on four exchanges, including Bitfinex, Bybit, and Bitget, which are cryptocurrency exchanges, at 20:00 (Korean time) on the same day. Crypto GPT said on its official website, “The Crypto GPT app allows users to monetize data through fitness, games, education, etc. It is a brand called AI2Learn. Currently, the app ecosystem has 2 million users.” Explained.
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U.S. Fed Vice-Chair "Stablecoins cause various confusion... Needs a cautious approach"
According to foreign media, Michael Barr, a former Ripple (XRP) board member and current Vice Chairman for Financial Supervision at the Federal Reserve, gave a speech on the 9th (local time) in relation to stablecoins, saying, “It is causing various confusion. Historically, such Assets are very cautious, and Fed Chairman Powell has also emphasized securing stability," he said. “As stablecoins are a form of private money, we need to take a cautious approach in many ways,” he said. It's not done," he added.
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Top 50 Cryptocurrency Volatility ‘Predictable’ – Risk Protocol Report
The volatility of major cryptocurrencies is predictable, argues digital asset investment platform The Risk Protocol in an analysis report. According to The Block on the 9th (local time in New York), Risk Protocol released a 44-page report evaluating the volatility of the top 50 cryptocurrencies. The company said it was able to use the insights gathered to create “sophisticated” statistical models that have been proven to predict volatility more accurately.
coin news
Cryptocurrency CommunityBitcoin March Bearish Period
Pinbold reported on the 9th (New York hour) that the forecast of the lung community has also retreated as the price of bitcoin is struggling to rebound and has fallen by $22,000. The last of the price data prediction corners of the cryptocurrency market platform CoinMarketCap expected the price of Bitcoin to retreat to $ 21,192 on March 31st. More than 12,000 people participated in the CoinMarketCap community’s Bitcoin end-of-March price prediction table, but the average average forecast is about 2.4% lower than the current price.
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Santiment Expects Big Volatility After Cardano, FET, Maker Soar This Year
Cryptocurrency analysis firm Santiment predicted that volatility will surge this year after the price surge of Cardano (ADA), Fetch AI (FET), and Maker (MKR). According to the Daily News on the 3rd (New York local time), Santiment said that all three events can expect a big change in that whale activity is rapidly increasing recently. Cardano saw a 47% increase in daily trading volume of $100,000 or more, 68% for maker and 398% for FET.